Amit Varma, managing partner at Quadria Capital, talks about how the healthcare focused private equity firm closed its $300 million fund in the middle of last year amid a "brutal fundraising environment".

"LPs are putting money to work but the diligence process and differentiation they are looking for are extremely high," he says in an interview with VCCircle.

Quadria Capital, headquartered out of Singapore and with investments in the South and Southeast Asian regions, including India, was founded by Varma and Abrar Mir in 2012 to invest in healthcare delivery, life sciences, medical technology and associated healthcare services space. It is one of a handful of healthcare-sector focussed funds in the country.

Varma also talks about the PE firm’s investments in three companies and its plans to invest in four to five companies more by the first quarter of 2017.

He also gives a glimpse into the firm's interest in healthcare technology startups and what it intends to do to back such firms.